Mortgage Broker for Calgarians – Why Use One?

Mortgage brokers are independent professionals who work as liaisons between borrowers and mortgage lenders. They are specialists who provide you with all the information and answers you need to understand the mortgage process. There are many great reasons why you should choose a Calgary mortgage broker over your bank or credit union:

Better rates: Your Calgary mortgage broker is normally able to offer better rates than your bank because they have access to many mortgage lenders. Additionally, some of the lenders focus only on mortgages, so they are more specialized and offer better rates to begin with.

One credit hit: Because mortgage brokers only need one mortgage application, and do the shopping around for you, they generally only need to pull one credit report on you – saving you all the extra credit “hits” that you would receive if you went from bank to bank to bank.

Multitude of products: Your Calgary mortgage broker likely has access to over forty banks and mortgage lenders that offer various mortgage products. That means that they are able to find the best mortgage product for your particular situation, unlike the bank, who only offers their own specific products.

No negotiation: Your mortgage broker will offer you the best rate right off the bat – every time! There is no need to come back to them with a lower rate from elsewhere. They’re on your side.

Quick turnaround time: Mortgage brokers often have great relationships with the lenders and their turnaround time is often no more than 24 hours! That way, you won’t have to sit around for days waiting to know if you’ve been approved.

Overall, a Calgary mortgage broker can offer you a level of service and competitive mortgage products and rates (for free!) that you can’t get at the banks. If you’re thinking about purchasing a home or refinancing, it’s definitely to your advantage to contact a Calgary mortgage broker today, or complete our website’s online application!